required? If yes, please describe. 11 Does the firm's policies and procedures include the determination of the engagement team’s: • understanding of, and practical experience with, engagements of a similar

/Guidance Notes Description 1 How is the firm dealing with the following (external issues): • challenge of real time systems with large numbers and/or high value transactions (e.g. banks, travel agents

technical panel to provide consultations and resolve Accounting and Auditing issues? If yes, please describe the composition of the panel. 3 Has the firm established policies and procedures for dealing with